Autos

Lucid Motors CEO Peter Rawlinson on its SPAC deal and making Lucid Air

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Lucid Motors CEO Peter Rawlinson on Tuesday touted what he called the electric car company’s “world class tech,” but acknowledged challenges around automobile production.

Rawlinson, former Tesla engineering executive, appeared on CNBC the morning after Lucid announced a reverse merger with special purpose acquisition company Churchill Capital Corp IV to go public. It’s the largest SPAC transaction involving an EV company. SPACs are an alternative to initial public offerings for firms that want to become publicly traded stocks.

CCIV shares sank nearly 48% to $30 per share in early Tuesday trading, before recovering some of those losses, giving the merged company a market value of more…



Source cnbc.com

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